Monday, July 11, 2011

Huge Interest Rate Risk Says David Walker

David M. Walker (born 1951) served as United States Comptroller General from 1998 to 2008, and is now the Founder and CEO of the Comeback America Initiative.

When asked what would happen if we don't raise the debt ceiling on time, he says the U.S. would face huge risks that interest rates would rise and this could wreak financial damage in bond markets, stock markets and who knows what else.